Parag Parikh Mutual Fund has filed a draft for an arbitrage fund. Parag Parikh Arbitrage Fund will likely be an open-ended scheme investing in arbitrage alternatives.
The scheme will likely be benchmarked towards Nifty 50 Arbitrage Complete Return Index (TRI). The scheme will likely be managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, and Rukun Tarachandani.

Based on the scheme data doc, the funding goal of the scheme is to generate capital appreciation and revenue by predominantly investing in arbitrage alternatives within the money and derivatives section of the fairness market, and by investing the steadiness in debt and cash market devices.

The minimal utility quantity will likely be Rs 1,000 and in multiples of Re 1 thereafter. The minimal installment quantity for month-to-month SIP will likely be Rs 1,000 and in multiples of Re 1 thereafter. The minimal installment quantity for quarterly SIP will likely be Rs 3,000 and in multiples of Re 1 thereafter.The scheme’s riskometer reveals that the scheme will fall within the ‘low’ class.

The scheme could have an everyday and a direct plan solely with development choice. The scheme will allocate its belongings of round 65-100% in fairness and fairness devices together with derivatives, 0-35% in debt securities & cash market devices together with margin cash deployed in derivatives transactions.

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